Forums › ACCA Forums › ACCA FM Financial Management Forums › *** ACCA F9 June 2017 Exam was.. Instant Poll and comments ***
- This topic has 164 replies, 55 voices, and was last updated 7 years ago by quytuan.
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- June 9, 2017 at 11:36 am #392115June 9, 2017 at 4:18 pm #392200
I am very cofidend for most of my answers. Reply me please
1D
2D
3A
4B
5C
6B
7B
8A
9C
10C
11B
12B
13D
14C
15B
16C
17B
18D
19D
20A
21C
22C
23D
24A
25A
26C
27D
28A
29B
30DJune 9, 2017 at 4:32 pm #392206Answer to Wacc in question 31 (a) ? Anyone ?? Also how much was valued your cost of equity as percentage in that same question ?
How much did you guys get for NPV in question 32 (a).
Did anyone attempt question 31 (b) ???
June 9, 2017 at 4:40 pm #392212nope
June 9, 2017 at 4:41 pm #392213Question 31: are we supposed to include the cost of bank overdraft in the WACC calculation??????????
Question 32: what should be done with variable cost inflation which was $52 every year? Are we suppose to do variable cost as 52*1.03 in year, 1 52*1.03*1.03 in year 2, 1 52*1.03*1.03*1.03 in year 3 & 52*1.03*1.03*1.03*1.03 in year 4? or something else????????
June 9, 2017 at 4:46 pm #392216Question 31: I had 11% of WACC (10.55%). Agree?
June 9, 2017 at 4:48 pm #392217bank loan should have been included with market value of 5m and the cost of loan of 8 – 20% tax ( i don’t exactly remember the interest rate and the tax rate)
i think i found wacc 11.57% and the npv around 90m something but i always get my calculations wrong!
i think MCQs were pretty difficult so i am expecting to fail!
June 9, 2017 at 4:49 pm #392218interest rate was 8%
June 9, 2017 at 4:50 pm #392220i had 11.something%
June 9, 2017 at 4:52 pm #392221mine to 11.68% for 31
and 32 was like 64m or 67m …check my variable cost thought upside….tnxJune 9, 2017 at 4:57 pm #392223Yup bro. Thats how you do for inflation !
June 9, 2017 at 4:57 pm #392224I had positive 68 of NPV in Q32
June 9, 2017 at 4:58 pm #392225@mdarifansary16 said:
mine to 11.68% for 31
and 32 was like 64m or 67m …check my variable cost thought upside….tnxgot something like this yea
June 9, 2017 at 5:01 pm #392229No 31 I got WACC – 11.68%.
Part b didnt complete…No 32 NPV was positive but wrongly computed sp didnt compound the 2% inflation n wrongly inserted the investment in year 1.
The mcq was a mess…fed up with f9…
June 9, 2017 at 5:04 pm #39223111.6% for wacc and 61,385,000 for the npv. I took the remaining balance as a tax shield in year 4
June 9, 2017 at 5:05 pm #392234@acca145 said:
Bank loan was 8.5% or may be 8%
So I took after tax cost of debt
=8.5% x.8
=6.8% or 6.4% if 8% . For me something like that,
MV for equity = $125.6 mill
MV for loan notes = forgot lol
MV for bank loan = forgot this one too
Cost of equity = 12%
WACC = 11.68% thoughCost of equity = 12% same as mine forgot the cost of debt
but as i know we dont include bank overdraft in the calculation of WACC coz its not long term debt but may be im wrongJune 9, 2017 at 5:11 pm #392240mcq were tricky compared to past exam and mock exam
June 9, 2017 at 5:11 pm #392241Had A for Q1.
Yes, wacc was 11.67% in q31 (allowing for some rounding. Q32 was npv of 60 to 61 I think. Think I taxed a year which had a loss but probably only lose a mark at the most.
June 9, 2017 at 5:13 pm #392242? exactly remember a question where it asked to calculate cost of debt for 8% pref. share. Nominal value was .5 and MV was 10% greater.
June 9, 2017 at 5:13 pm #392243@apostolou said:
I am very cofidend for most of my answers. Reply me please
1D
2D
3A
4B
5C
6B
7B
8A
9C
10C
11B
12B
13D
14C
15B
16C
17B
18D
19D
20A
21C
22C
23D
24A
25A
26C
27D
28A
29B
30DFor 1 i had a modigliani and miller with tax as ke went up wacc went down
For 10 i also went with c. Originaly i was going with a but changed to c. This was the over capitalisation ques
June 9, 2017 at 5:16 pm #392247@caspian087 said:
? exactly remember a question where it asked to calculate cost of debt for 8% pref. share. Nominal value was .5 and MV was 10% greater.Yeah I went with c 76 but when i calculated it i got 73.5… so id say its wrong. I think it was irredemable debt not pref shares
June 9, 2017 at 5:17 pm #392248Yes with 10 I did liquidity ratios so option c. The others were signs of under capitalisation
June 9, 2017 at 5:18 pm #392249@acca145 said:
Tax was in arrears so ,
The tax taken on year 4 would be send to year 5 .Really was it how did I miss that! Dam
June 9, 2017 at 5:19 pm #392250What was the answer for Payback in NPV mtq? I think it was option A 3.4 years
June 9, 2017 at 5:20 pm #392252@adam94 said:
What was the answer for Payback in NPV mtq? I think it was option A 3.4 yearsCan’t remember if it was a b c or d but I’m sure the answer was 3.4
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